Economy News
Asia’s top-performing economy in 2020 could grow even faster this year

Taiwan has upgraded its growth forecast for 2021, predicting the economy this year could expand at the fastest rate in seven years — thanks to global semiconductor demand boosting exports from the island. Its economy is forecast to grow by 4.64% in 2021 from a year ago — making it the quickest expansion since 2014, according to data from the Taiwanese statistics bureau. Taiwan’s projected growth for 2021 is an upgrade of the previous forecast for a 3.83% expansion, and an acceleration from the revised growth of 3.11% for the whole of 2020, the bureau said on Saturday.

News Source:- https://www.cnbc.com/2021/02/23/taiwan-asias-top-performing-economy-in-2020-could-grow-faster-in-2021.html